by Brittany Bennion | Oct 29, 2019 | Uncategorized
To report a loss or not report a loss. That is the question. We are often asked by clients if they should report a property or boiler and machinery loss even though they think the cost of repair is below the insurance deductible. Some of our clients are fearful that...
by Brittany Bennion | Oct 22, 2019 | Uncategorized
Flood Insurance One of the most common insurance claims for small hydroelectric plants is a flooding event. Flood at small hydros can come in two ways: 1) A rise in the surrounding water level that floods the powerhouse or other equipment on or near the ground. 2) It...
by Brittany Bennion | May 16, 2019 | Uncategorized
When is it appropriate to drop your Commercial General Liability Insurance Coverage? The short answer is never, if you still own or have an insurable interest in your power generation project. We get asked from time to time by clients if it is okay to drop General...
by Brittany Bennion | Apr 29, 2019 | Uncategorized
The difference between Commercial Property Insurance and Boiler & Machine Breakdown Insurance. Lloyds defines Boiler & Machinery as a sudden and accidental failure that necessitates repair and/or replacement. I tell my hydro clients that a B&M loss is when...
by Brittany Bennion | Mar 25, 2019 | Uncategorized
We see a number of trends coming from both the insurance company and our clients. Insurance underwriters are asking more questions. We call this insurance ping pong. At renewal the insurance companies are asking very direct and specific questions about our client’s...
by Brittany Bennion | Feb 21, 2019 | Uncategorized
For the most part, hydroelectric plants carry several different types of insurance. Commercial General Liability, Commercial Property, Boiler and Machinery Breakdown, Workers Compensation and Flood are typical coverages for most operations. All Hydro plants should...
